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20120926
20121004
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CNBC 13
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
CNBC
Sep 28, 2012 4:00am EDT
steve sedgwick following the story in thmadrid, but firs out to stefane in paris. it sounds like there will be a contrast with the spanish budget. it's tax hikes that seem to be the focus. >> in france it will be focus on tax hikes. that's the decision about to be announced by the french government. basically 20 billion euros in additional taxes in the budget for the next year. and only 10 billion euros in spending cuts. that's the plan to reach the deficit target. that's the best case scenario because the budget is based on a growth assumption of 0.8% which seems to be far too optimistic. plenty of private economists believe the french economy won't grow more than 0.3% next year. in that case, the government will need to find an additional 5 feweuro of spending cuts on t of what will be announced today. the budget will include one very symbolic measure, new tax rate of 75% for people earning more than 1 million euros per year. it will be implemented only on around 2,000 people and it will raise only 200 million euros. so that's a symbolic measure that the prime minister has been
CNBC
Sep 27, 2012 4:00am EDT
quite a bit of time on the iberian peninsula. >> at least steve is. we've sent him down there to cover the situation on the ground and the's remarkable because we knew heading into the budget today that we might get some unrest, but i think it survived everyone how soon it began and the scale to which it has spread. speaking of which, protesters gathering in madrid raised their call for the spanish government to resign. demonstrators again clashed with police, which left 64 injured and led to 38 arrests. prime minister rajoy's reforms have proved deeply unpopular. out to steve sedgwick now who is following the story. steve, are we expecting the intensity of the protests to increase? >> i don't think we are. they've made their point in some cases violently. this is another protest scheduled for saturday evening. just have a look at what's going on in the sxaexact area. this is the neptune fountain, this is the heart of the madrid heart and we have the five star hotel that kelly i'm sure you've stayed at many a times. and this is the area which leads up to the congress, to the parliament
CNBC
Sep 27, 2012 9:00am EDT
across the pond on spain. steve sedgwick is in madrid with the very latest. steve. >> reporter: yeah, melissa, thanks very much. a lot of the points you guys just mentioned, very true. we've got an economy in recession, high employment, a vicious housing market which unlike the u.s., which is stabilizing as we just heard, it's still got a couple years till we get to the bottom. we're only down about 25%, some say it needs to be double that before we see stability. the banking crisis, you mentioned as well, and also i think what is the key point as well, task masters. there are task masters everywhere. they're bond markets who want to see vicious reform in austerity if investors are going to buy those bonds. northern europeans, germans and brussels who want to see strenuous action from the government in order to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the p
CNBC
Oct 3, 2012 4:00pm EDT
get a preview with our market panel right now. keith springer with me along with steve wood and mandy drury. thank you for joining us. let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers. i think i wouldn't be surprised if it came in a little soft. >> kate, do you agree with that? if so, is this priced into the market? >> yes, absolutely priced in, maria. great question. what they're going to expect is for it to be terrible. if it isn't terrible, we'll see a rally. what matters most to this market is earnings. we're in pre-earnings disappointment season where we're going to float a little bit until earnings come out. we've seen a friend where earnings h
FOX Business
Sep 27, 2012 12:00am EDT
.s. trying to solve its own looming debt crisis could we see this kind of turmoil break out here? steve moore from "the wall street journal" joins me with more on this. we watch these protests going on in the streets and the first thing on my mind is that it seems like things are getting worse instead of better across europe and i thought that we had sort of solved, at least part of the financial crisis there but, you know, we're looking at these pictures. what do you think, steve? >> i will answer your question whether this kind of thing could happen here, melissa because i think that is really the interesting dynamic. melissa: i was going to get there but let's jump there. why not? >> i do. i actually think we're very much like europe in the sense that americans, especially some of the more radicals on the left have come to regard these government benefits as human rights and if you, let's say you were to get a president romney and say that president romney came in and started to cut back on some of these welfare benefits, some retirement benefits i think you could see, remember what we saw
CNBC
Oct 1, 2012 6:00am EDT
couldn't. i looked at jim furyk and watching how many times he backed -- steve stricker towards the end, no, i didn't think about it. and even tiger. probably would have helped if he hit that little four footer so that it was 14-14 at least we wouldn't feel bad. >> yeah, that was quite gray issue gracious. that match probably deserved to be tied. >> and that putt at the end was weak. and he still had the smile on his face, the weird smile. but that was sad. anyway, anything else going on? there really isn't, is there? >> i will give and you quick recap because you were talking about the pmis a little bit earlier out of europe. markets are up. green on the board as you can see. advancers outpacing decliners by more than 8:2. dax up 12. cac up five. despite the fact those pmis came in weak, they were actually a slight tick up. even german ones. the french numbers were slightly weaker, too. spain not up quite so much. we heard from bank company popular, desperately trying it avoid having to take official aid.co popular, desperately trying it avoid having to take official aid. stock down 12
CNBC
Sep 28, 2012 6:00am EDT
come one day after spain announced its 2013 budget and steve sedgwick will be joining us live with more on all of that in just a few minutes. france is also announcing its budget plans today. president hollande said that the budget will be the toughest in 30 years. government needs to find about $39 billion of spending cuts or deshl resources to meet its 2013 deficit target. and fitch is lowering its 2012 growth forecasts both for china and india. citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we hahave that anymore? is that gone? no, they don't have it. >> i saw the dow, s&p and nasdaq. >> what did it add up to? adds up to like 15 or so. >> i just saw for this quar
CNBC
Oct 3, 2012 4:00am EDT
the u.s. economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is likable enough. he has to avoid that kind of characteristic
CNBC
Oct 3, 2012 9:00am EDT
're going to stop thinking about firing tim cook. i love that. steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some pulse down here. there was a lot of social media, people got gaffed. any time you see new companies, you think, maybe i should stop shorting goldman sachs and maybe there is a sign of capital formation. p excellent show stopper yesterday. and mark cuban was so great and the destruction of the capital markets. cuban, cooperman, these guys are not idle thinkers. they are the best we have. and high frequency trading has destroyed a lot. >> and suggesting you tax intraday trades 50%, trades less than a minute, 100%, that would cut down on it in a hurry. >> no
CNBC
Oct 3, 2012 6:00am EDT
on this one. you think of people like steve balmer, jim cramer. >> but there is science behind this. >> more testosterone. >> it's the testosterone that kills the hair. you're more aggressive. you're an aggressor. >> how do you keep your hair? >> if zucker was still -- i would be nicer, he has a full head of hair so i'm not afraid right now. if some guy who is unfortunately is bald happens to end up in a powerful position, it's not because of being bald, it's in spite of being bald. toupees look like crap. you can't buy a decent toupee. >> rarely bald anymore. maybe works in business, not in politics, i don't know. kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global
CNBC
Oct 1, 2012 9:00am EDT
largely on valuation. microsoft's 15% year-to-date gains. and steve grasrg and citigroup was downgraded at sterne agee. a little stall because of concerns about windows 8 and whether or not it's going to be robust. q3 could be a make-or-break quarter for them. "the journal" points out, there's no place to try out the new tablet. are you going to buy a tablet just on blind faith without trying it out? >> tiff beta. it's quite exciting. but excitement doesn't necessarily equal sales. there was a downgrade of nokia saying the windows 8 operating system, not good for phones. intel seems to have lost its way with that 4% yield being the only reason to be in it. the desktop -- i feel very triceratops here with this. >> how about the story in "the times" over the weekend about meg whitman? >> they still make a lot of them. but the question is, is it really a business you want to be in? >> do you remember scm? >> yes. >> smith corona mar chant. they were making electric typewriters like they were going out of style. >> that "times" story, not a lot that we didn't already know in terms of what h
CNBC
Oct 2, 2012 4:00am EDT
today. meanwhile steve hester has called for banks to readjust back to a more customer focused approach. speaking at the london school of economic, he said lenders need to restore good customer service to regain trust of the public and rbs is the poster child for what went wrong in banking. and eric snyderman is suing jpmorgan. the suit partly the result of a federal mortgage task force formed in january. investors lost around $22 billion and more than 100 securities. jpmorgan says the suit involves actions taken at the behest of the u.s. government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that'
ABC
Sep 29, 2012 5:00am PDT
the afternoon match tiger woods along with steve stricter, two down on 16. it's tiger time. slowly rolls home the birdie. oh, yeah, he's pumped. but nicholas of belgium. first ryder cup, 8 birdies and an eagle. he was playing out of his mine. on 18 woods needs this putt to square the match, and it rolls right by! woods in shock and agony. still, the u.s. leads europe 5-3 after day one. the first team to get to 14 1/2 points wins the ryder cup. reminder we have college football this afternoon on abc7. it's wisconsin and nebraska in big ten action. 5:10 check off. see you after the game. a have a great weekend. i'm larry beil. >> coming up next, the national campaign today to help people dispose of unwanted prescription drugs. and there's a critical shortage at bay area food banks. this morning we are low on supplies because the government hasn't lived up to its commitment for months. and a special honor for a little boy killed in san jose. we will show you how the city is remembering him and making the area >> blakeing news in vallejo. a fires damaged private law offices. take a look. right ac
ABC
Sep 29, 2012 6:00am PDT
in the afternoon match tiger woods along with steve stricter, two down on 16. it's tiger time. slowly rolls home the birdie. oh, yeah, he's pumped. but nicholas of belgium. first ryder cup, 8 birdies and an eagle. he was playing out of his mine. on 18 woods needs this putt to square the match, and it rolls right by! woods in shock and agony. still, the u.s. leads europe 5-3 after day one. the first team to get to 14 1/2 points wins the ryder cup. reminder we have college football this afternoon on abc7. it's wisconsin and nebraska in big ten action. 5:10 kick off. see you after the game. a have a great weekend. i'm larry beil. >> coming up next, the national campaign today to help people dispose of unwanted prescription drugs. and there's a critical shortage at bay area food banks. this morning we are low on supplies because the government hasn't lived up to its commitment for months. and a special honor for a little boy killed in san jose. we will show you how the city is remembering him and making the area safer for others. [ woman ] dear chex cereal, i've never written a fan letter before, bu
ABC
Sep 29, 2012 8:00am PDT
. the -- in the afternoon match. along with steve stricker, two down and it's tiger time slowly rolls home the birdie. oh, yeah, he is pumped and how about this. first ryder cup had 8 birdies and an eagle. so on 18. woods needs this putt to square the match. it rolls right by. woods in shock and agony. still the u.s. leads europe, 5-3 after day one. first team to get to 14 1/2 points wins the ryder cup. a reminder we have college football for you on abc7, it's wisconsin and nebraska in big ten action. 5:00 p.m. action and we'll see you with "lexus after the game". >> next, the national campaign today to help people dispose of unwanted prescription drugs. also there is a critical shortage of some bay area food banks. they are low on supplies because the government has not the commitment. and special honor for a little boy killed in san jose. how the city is remembering him >> terry: topping our news this half-hour, president obama is trying to encourage the recovery of housing market by making it subject of a weekly address. he wants republicans to support his plan for homeowners that were hurt in the hou
CSPAN
Sep 27, 2012 8:00pm EDT
and -- editor in chief of a web site. next to him is steve kelley. his editorial cartoons are distributed to newspapers nationwide by some tickets. he is also the, creator of the national syndicated comic strip. he was a veteran stand up comedian and has appeared several times on the tonight show. scott stantis works for the chicago tribune. his work is syndicated to over 180 newspapers. he is also the creator of the cartoon prickly city that appears here in our hometown washington post. please welcome the panelists today. [applause] >> i have been a free lancer for ever. i have never been a staff cartoonist even when i was with l.a. weekly. i was there 17 years as a freelancer sending my cartoons and. it taught me how to manage my own career as far as being self sustaining, on the broke cartoonist trying to raise a family. -- nonbroke cartoonist trying to raise a family. i have a lot to show you. of course, we just went through the conventions. forever an idea comes -- people ask where they come from. sometimes it is a bolt from the blue. sometimes chris rock writes them. this cartoon is
CNBC
Oct 3, 2012 6:00pm EDT
that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the commodity where there can be no value added. yes, they, the customers, the dells and hewlett-packards, are the true losers of the bill gates movement. hewlett-packard isn't just personal computing but it's printing and consulting. i loathe the printers. as far as consulting goes, take a look how well their competitors are doing. the companies i work for, i pray they see the light and go apple. hewlett-packard is a huge company with quite a hold on the tech budgets of big corporations. but the company will eventually will ripped out of the enterprise. you can't have something that young people hate prevail forever. funny thing, younger people, they get older. and they take the reins from the relics who jammed dell and hewlett-packards down our throats. so good luck to
CNBC
Oct 1, 2012 4:00am EDT
. >> steve liesman has an interview with chicago fed president charlie evans on "squawk box." whether comments from fed officials be able to swing things around bearing in mind we've basically committed now every month to spending whatever it takes? >> no, i think they're committed. we want to hear essentially getting to congress a message that says our job is done. it's now up to you to make sure that fiscal policy sets a growth agenda that makes sense. that's what's missing in this equation. >> jack, good to see you. thanks for that. if you see any slightly bruised and feeling worse for themselves european golf fans, just point them to bed or something. we'd appreciate that. thanks for that, jack. good to see you. that's it, we'll leave and you look at u.s. futures. coming up next, "squawk box." we hope you have a profitable day. #. >>> welcome to the first day of the fourth quarter. factory data out of europe, what are calling an inevitable new recession. in the u.s., investors are preparing for friday's jobs report and barack obama and mitt romney are hunkering down for debate pre
CSPAN
Sep 28, 2012 5:00pm EDT
steve chaney, ceo of the american security project and welcome to asp. if you're not familiar with asp we are a 501c3 non-profit and take on national-security issues from a non-partisan perspective. we were founded in 2006 by senator hagel, senator kerry, heart and governor christine todd whitman who will remain on the board today. and one of the points they raised them and it's still pertinent today was a lot of these issues when anyone mentions them they get paid into it one way or the other republican or democrat. we tend to feel they should get painted in the perspective of national security. and you will see we have a number of publications outside that we study all of them. energy security, nuclear security, climate change, american competitiveness, asymmetric terrorism among others. so i would encourage you to go on the web site and look at them and see how we take it from the perspective we put it in there. we put out the facts. we don't balance it one way or the other. today we are so pleased to have rose here. let me lay out a few ground rules as you can tell c-span is here a
CBS
Sep 29, 2012 5:00am PDT
and a food guy in this day and age to do that? >> i'm no steve jobs but thank you for your exaggeration. first you need to under your job as a chef is singularly to make people happy. that's it. so if you're one of those guys who think my job is to make me happy, you're in the wrong business. you should be a painter, you should be in a studio like this in some undeveloped area and paint all day long and if somebody buys your art great, if somebody doesn't that's fine too. we make food for people. this is a service for people who need on a daily basis. >> you can have this dish with anybody who would you have with it? >> anybody? what's wrong with who i have it now. >> we love that answer. >> we never get that answer. >> i would love for my grandmother to be here so i could show what i've learned what to do. after listening to lady gaga story she should be here to try these meat balls. she would love them. good old-fashioned italian food. >> great meat balls. everybody should love these meat balls. we would love it if you would sign our dish. while you're doing that i want people to know
CSPAN
Sep 27, 2012 12:00pm EDT
because they offer a tremendous amount of insight. nelson wanted thank you for steve lender who is here today in our office working on a number of manufacturing issues particularly as they relate to the supply chain. this part of it before we get to the q&a, i also would like to stand back a little bit and try to frame this specific threat in the larger context of the overall industrial base supply chain that we face. i look around the one -- room and no and spoken one-on-one with some of you about the tough challenges we face the supply chain, so hopefully what i'm going to say today publicly will differ from what i've told privately. let me start at the very beginning with an attempt to define the defense industrial base supply chain. it is a term which is often used both inside and outside of government, but rarely in a way it accurately depict the reality of the ground. the defense industrial base is comprised of an extremely diverse set of companies that provide both products and services directly and indirectly to the national security agencies, including the military references t
Search Results 0 to 21 of about 22 (some duplicates have been removed)